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eastern time roger ferguson, always great to have you here. you very much. >> thank you. >>> turning our attention now to bit copy, looking to get back to that all-time high after hitting 69,210 after it quickly pullinged back it's trading at 66,250. for much more let's bring in cnbc.com effect nomices reporter mackenzie sigalos. i've got a question for you. what let's moving us higher? how big of a factor is institutional factors? how much are retail investors? so much enthusiasm first question from a cab driver, are you in bitcoin what let's moving bitcoin? >> that's your classic story of hitting a peak bubble moment the spotty effs have solidified the coins but they've been setting new records. collectively in the past two months they've brought in $50 billion. you look at blackrock's i shares bitcoin trust, it's the fastest that an etf has gone from zero to $10 billion in assets it's a game-changer. there are other things happening under the hood you've got the technological advancements that are going to put bitcoin on far we theory yum.
eastern time roger ferguson, always great to have you here. you very much. >> thank you. >>> turning our attention now to bit copy, looking to get back to that all-time high after hitting 69,210 after it quickly pullinged back it's trading at 66,250. for much more let's bring in cnbc.com effect nomices reporter mackenzie sigalos. i've got a question for you. what let's moving us higher? how big of a factor is institutional factors? how much are retail investors? so much...
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Mar 18, 2024
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roger ferguson on earlier this morning.he federal reserve, and he says just based on what he's seeing with the cpi and ppi numbers recently, that he is now only expecting two rate cuts. he wouldn't even say that he thinks they'll happen starting in july. he thinks second half of the year is a better bet for that. if that's the case, do you think copper prices come down? >> i think copper can come down a little here. if rates start to come off in earnest. of course, copper suffering the most if we had recession. i think there's a fine balance here. look at pmis globally, industrial activity and metrics all bottoming out and expectation interest rates come down and continued demand for all the goods house tempered through the last couple years, where we had rates going from 0 to 5.5%. yes, rate-cutting cycle doesn't start i think copper will take a little hit here. again, inventories are low and down side small. we're seeing very strong bid on copper concentrates actually now. raw materials makes irrefined copper. >> gold pri
roger ferguson on earlier this morning.he federal reserve, and he says just based on what he's seeing with the cpi and ppi numbers recently, that he is now only expecting two rate cuts. he wouldn't even say that he thinks they'll happen starting in july. he thinks second half of the year is a better bet for that. if that's the case, do you think copper prices come down? >> i think copper can come down a little here. if rates start to come off in earnest. of course, copper suffering the...
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Mar 8, 2024
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for that former vice fed chairman roger ferguson. joining us right after this. stay tedun. of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) (vo) what does it mean to be rich? get iphone 15 pro on us. maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. >>> welcome back, everybody. february jobs coming in hotter than expected but january's big number was revised down. joining us now to talk how federal reserve members are likely to seal this latest data is former fed vice charmin roger ferguson. former president and ceo of tiaa a
for that former vice fed chairman roger ferguson. joining us right after this. stay tedun. of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) (vo) what does it...
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Mar 21, 2024
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joining us with more is former vice chairman roger ferguson.when you and i spoke yesterday, you were thinking they were more likely to move to the dot plots to signal two cuts for the year. were you surprised that this maybe seemed more dovish and people had been anticipating? >> i was surprised, but i recognized that several did move in that direction. so i think this was a close call. the market is getting excited about something that is real on the margin. that's what i looked at yesterday. i will say there's a little bit of jay powell's or chairman powell's press conference with the january and february numbers and he could have shown a bit more concern. that may have been playing into the market as well because many folks have been focused on those relatively hot numbers. he put it in the context of a bumpy ride and we'll look through it. i think there was a little bit of dovishness that may have been unintended. >> the only thing -- i agree with you. that was my take on it, too. he tried hard not to say much of anything. i thought through
joining us with more is former vice chairman roger ferguson.when you and i spoke yesterday, you were thinking they were more likely to move to the dot plots to signal two cuts for the year. were you surprised that this maybe seemed more dovish and people had been anticipating? >> i was surprised, but i recognized that several did move in that direction. so i think this was a close call. the market is getting excited about something that is real on the margin. that's what i looked at...
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Mar 19, 2024
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. >> so you don't think the two cuts -- even roger ferguson, we spoke with yesterday, the former vicet's a close call. when you only have two people that need to move and -- to move the median higher. and i think that the market could take signal from the fact that even just getting a better balance between two and three, even if the median stays at three, that will tell the markets, well, they're kind of moving in that direction of less. but i don't think there's anything definitive going into this meeting. and for the fed, you'vt a lifetime to deliver three cuts. it feels like a whole year of data has happened and it's only march. so they have a long time to deliver those. and they don't need to think, oh, my gosh, my forecast is completely wrong. the dots are going todepend on how those forecasts change. we think growth comes up, and we think inflation forecasts stay the same. so talk about supply side of the economy, this is another great story this year. we've been out in front of this immigration story, because it explains, it goes far in explaining why you had such fast growth
. >> so you don't think the two cuts -- even roger ferguson, we spoke with yesterday, the former vicet's a close call. when you only have two people that need to move and -- to move the median higher. and i think that the market could take signal from the fact that even just getting a better balance between two and three, even if the median stays at three, that will tell the markets, well, they're kind of moving in that direction of less. but i don't think there's anything definitive...